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January 21, 2008 at 12:52 PM in reply to: Let’s just see how “safe” those investments in China are…. #140070January 21, 2008 at 12:52 PM in reply to: Let’s just see how “safe” those investments in China are…. #140097
stockstradr
ParticipantRegards Asian stock marketes…
When Asian stock markes are hyper-appreciated to the tune of 600% in three years (Shanghai,for example) I don’t need to defend my opinion those markets are prime for a 1929-style crash. In fact, the % drop will be far more severe than our 1929 stock market collapse.
Go read Barron’s round table discussion from two weekends back. When you have multiple widely respected Asia-sector experts like Marc Faber saying he thinks EVERY Asia index is in a bubble, then you should worry.
January 21, 2008 at 12:52 PM in reply to: Let’s just see how “safe” those investments in China are…. #140144ParticipantRegards Asian stock marketes…
When Asian stock markes are hyper-appreciated to the tune of 600% in three years (Shanghai,for example) I don’t need to defend my opinion those markets are prime for a 1929-style crash. In fact, the % drop will be far more severe than our 1929 stock market collapse.
Go read Barron’s round table discussion from two weekends back. When you have multiple widely respected Asia-sector experts like Marc Faber saying he thinks EVERY Asia index is in a bubble, then you should worry.
January 21, 2008 at 12:32 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #139815ParticipantSan Diego housing market is within 5% of the bottom?
I only agree to extent that I believe some areas of San Diego are now within 5% of the bottom for CONDOS.
Like I posted last week on other threads, I confirmed our previous Rancho Bernardo 3/2 condo has now fallen from $420K down to $285K, or down ~40% in inflation-adjusted real dollars. That $285K is a 2003 price, and I figure it is within 5% of the bottom, unless this recession really gets ugly.
I do NOT think that San Diego’s SFH market is anywhere near the bottom, particularly on the more expensive homes.
Now Murrieta, and Temcula are a different story. The McMansions in those areas have really come down in price.
January 21, 2008 at 12:32 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #140028ParticipantSan Diego housing market is within 5% of the bottom?
I only agree to extent that I believe some areas of San Diego are now within 5% of the bottom for CONDOS.
Like I posted last week on other threads, I confirmed our previous Rancho Bernardo 3/2 condo has now fallen from $420K down to $285K, or down ~40% in inflation-adjusted real dollars. That $285K is a 2003 price, and I figure it is within 5% of the bottom, unless this recession really gets ugly.
I do NOT think that San Diego’s SFH market is anywhere near the bottom, particularly on the more expensive homes.
Now Murrieta, and Temcula are a different story. The McMansions in those areas have really come down in price.
January 21, 2008 at 12:32 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #140050ParticipantSan Diego housing market is within 5% of the bottom?
I only agree to extent that I believe some areas of San Diego are now within 5% of the bottom for CONDOS.
Like I posted last week on other threads, I confirmed our previous Rancho Bernardo 3/2 condo has now fallen from $420K down to $285K, or down ~40% in inflation-adjusted real dollars. That $285K is a 2003 price, and I figure it is within 5% of the bottom, unless this recession really gets ugly.
I do NOT think that San Diego’s SFH market is anywhere near the bottom, particularly on the more expensive homes.
Now Murrieta, and Temcula are a different story. The McMansions in those areas have really come down in price.
January 21, 2008 at 12:32 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #140079ParticipantSan Diego housing market is within 5% of the bottom?
I only agree to extent that I believe some areas of San Diego are now within 5% of the bottom for CONDOS.
Like I posted last week on other threads, I confirmed our previous Rancho Bernardo 3/2 condo has now fallen from $420K down to $285K, or down ~40% in inflation-adjusted real dollars. That $285K is a 2003 price, and I figure it is within 5% of the bottom, unless this recession really gets ugly.
I do NOT think that San Diego’s SFH market is anywhere near the bottom, particularly on the more expensive homes.
Now Murrieta, and Temcula are a different story. The McMansions in those areas have really come down in price.
January 21, 2008 at 12:32 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #140124ParticipantSan Diego housing market is within 5% of the bottom?
I only agree to extent that I believe some areas of San Diego are now within 5% of the bottom for CONDOS.
Like I posted last week on other threads, I confirmed our previous Rancho Bernardo 3/2 condo has now fallen from $420K down to $285K, or down ~40% in inflation-adjusted real dollars. That $285K is a 2003 price, and I figure it is within 5% of the bottom, unless this recession really gets ugly.
I do NOT think that San Diego’s SFH market is anywhere near the bottom, particularly on the more expensive homes.
Now Murrieta, and Temcula are a different story. The McMansions in those areas have really come down in price.
January 21, 2008 at 8:31 AM in reply to: Let’s just see how “safe” those investments in China are…. #139524ParticipantThe Shanghai exchange moved up like a rocket from ~1000 points up to 6000 points in only a few years, and has since fallen about a thousand points in a few months.
The Asia markets will crash and burn. It will be very ugly.
January 21, 2008 at 8:31 AM in reply to: Let’s just see how “safe” those investments in China are…. #139739ParticipantThe Shanghai exchange moved up like a rocket from ~1000 points up to 6000 points in only a few years, and has since fallen about a thousand points in a few months.
The Asia markets will crash and burn. It will be very ugly.
January 21, 2008 at 8:31 AM in reply to: Let’s just see how “safe” those investments in China are…. #139760ParticipantThe Shanghai exchange moved up like a rocket from ~1000 points up to 6000 points in only a few years, and has since fallen about a thousand points in a few months.
The Asia markets will crash and burn. It will be very ugly.
January 21, 2008 at 8:31 AM in reply to: Let’s just see how “safe” those investments in China are…. #139786ParticipantThe Shanghai exchange moved up like a rocket from ~1000 points up to 6000 points in only a few years, and has since fallen about a thousand points in a few months.
The Asia markets will crash and burn. It will be very ugly.
January 21, 2008 at 8:31 AM in reply to: Let’s just see how “safe” those investments in China are…. #139831ParticipantThe Shanghai exchange moved up like a rocket from ~1000 points up to 6000 points in only a few years, and has since fallen about a thousand points in a few months.
The Asia markets will crash and burn. It will be very ugly.
Participant>> Gold is starting to wobble as well.
I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.
Today I’m buying gold in massive quantities across all my accounts.
I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.
The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.
Participant>> Gold is starting to wobble as well.
I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.
Today I’m buying gold in massive quantities across all my accounts.
I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.
The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.
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